Fundesem requests another extension of its payment plan pending Consell’s final approval

bankruptcy administration fundamental chose to apply new extension deadline for ensure commitment to the creditors agreement Before Alicante business school, Generalitat’s delay while giving it last start Despite being a creditor to the offer, Ivace has already agreed to join the plan payments and removal, operation raised by the center managers It needs to get the green light too autonomous department tax offices and will be put to a vote council plenary

In principle, although no complications are expected for its continuation, the proposal Could not be included in the agenda of the last meeting of the Valencia Executive CommitteeTherefore, it can no longer be approved before the expiry of the time period set by the court running the process. expires next March 1, After the first extension, which the Ivace council has already allowed to put it to a vote.

In this case, the meeting of this body was held on February 8. The proposal was unanimously accepted. Discussed by those responsible for Fundesem and payment of 55% of the debt – thanks 1.5 million contribution who will perform European University- and a discount on the remaining amount.

Fundesem’s headquarters in Alicante.


The offer necessarily requires: Adhesion of the Generalitat, because Ivace is the main creditor of the training centre, with approximately 1.6% of the 2.7 million euros of which it has liabilities. a debt created by non repayment of rent Headquarters Fundesem occupied on Deportistas Hermanos Torres street in Alicante and built on a municipally owned plot to house the Generalitat’s business school.

The foundation’s feasibility plan envisions its alliance with Universidad Europea, which could use the facilities to teach. up to four degrees of socio-sanitary field, On what it would mean to land in Alicante. It will also take control of the day-to-day management of the private central business school and guarantee an annual income of around 400,000 Euros.

While the ministry was not optimistic about this transfer of public property to a private university center—in fact, it was Fundesem’s initial refusal to request the competition in July of last year—it eventually gave more weight to the institution that promoted savings. by Alicante business and prevent it from being lost.

Source: Informacion

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